TENCENT(HK:00700) Sou Hu Cai Jing·2026-01-26 09:22Group 1 - Tencent's Chairman Ma Huateng discussed the impact of short dramas on Tencent Video, indicating that the platform may not have many blockbuster products by 2025 and emphasized the need for patience due to investment cycles [1] - Tencent Video faced challenges from short dramas last year but will continue to invest in high-quality long videos while also exploring advertising-driven products [1] - Ma Huateng reiterated Tencent's commitment to high-quality content, stating that the company will not produce low-quality short dramas and will focus on a strategy of "doing what is worthwhile and not doing what is not" [1] Group 2 - According to QuestMobile's September data, the rise of popular short drama apps has disrupted the online video industry, with Hongguo Free Short Dramas achieving 236 million monthly active users, ranking fourth overall and first in the short drama category [3] - The monthly active user base of Heima Theater has surpassed 5 million, indicating significant growth in the short drama segment [3] - Tencent Video remains the leader in monthly active users, but the rapid rise of Hongguo Short Dramas has surpassed Youku and Bilibili, closing in on iQIYI and Tencent Video [3]